As a new landlord, what essential expenses can I legitimately deduct from my rental income to reduce my overall income tax liability in the UK?
Quick Answer
Landlords can deduct expenses like agent fees, repairs, and insurance from rental income to reduce income tax liability. Mortgage interest relief is now a tax credit, not a direct deduction.
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New UK landlords: Learn which expenses are tax-deductible from rental income. Understand mortgage interest relief limits and avoid common capital expense mistakes.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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